Gold imports rise despite duty hike, silver imports tumble 66% in July

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Economy

13 August 2026 at 7:12 pm

Gold imports rise despite duty hike, silver imports tumble 66% in July

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Summary

Gold imports saw a slight increase in July despite a customs duty hike, while silver imports significantly declined by 66% in the same month. Switzerland remained India's primary source for gold, and these import trends impact the country's current account deficit.

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